Bluebird Merchant Ventures Share Discussion Threads

[highly geared] 09/4/2019 07:30

Great stuff. On a 3 month timetable, I’d expect everything to be in place but they are getting on with the preparation work.

[tim000] 09/4/2019 07:19

I agree about timeframes. You have to say something, but Hurricane’s Robert Trice is the exemplar. He’s overseeing a massive North Sea oil project at the moment and his timeframes are expressed in half years. Moreover, he gives himself about six months’ grace to allow for overruns. BMV could easily have expressed a timeframe of end-H1 2019.

[tsmith2] 09/4/2019 07:18

Excellent news!Penny about to drop?

[the deacon] 09/4/2019 07:13

Looks very positive, though I wish they hadn't talked about timeframes in previous RNS's, as these things almost always have a habit of slipping - especially when working when Governments are concerned. On the whole, it looks very good, and I'm looking forward to hearing about KORES too

[rakepat37] 09/4/2019 07:05

Great news today

[king_baller] 08/4/2019 22:39

I’m surprised there wasn’t more buying today. This is one thats should be in a tax efficient wrapper for sure! I guess it’s still under the radar, and people are nervous about permits and funding. I’m locked and loaded!

[tsmith2] 08/4/2019 17:36

roll overs?

[tsmith2] 08/4/2019 15:52

yes the permits and grant are pretty much a given from what the company say and I don't think they'll be sitting around twiddling their thumbs in the meantime

[euclid5] 08/4/2019 11:45

China, the world’s top gold producer and consumer, is facing signs of a slowing economy, even as progress is being made in trade negotiations with the U.S. The latest data from the PBOC indicate that the country has resumed adding gold to its reserves at a steady pace, much like the period from mid-2015 to October 2016, when the country boosted holdings almost every month.

[highly geared] 08/4/2019 11:19

Doesn’t surprise me as the timescales seemed ultra optimistic. Happy to let thid unfold. I see the traders have gone..

[cool runnings] 08/4/2019 09:27

Don't think anything on permits until the end of the month! I believe everything will be granted and also the KORES funding will be announced soon .

[tsmith2] 08/4/2019 09:07

cool runnings what's latest?

[tim000] 02/4/2019 22:16

Thanks, that’s an even more interesting reply! I don’t have enough time to research all of my holdings as thoroughly as I’d like. I had thought the BMV team were old hands at recommissioning old mines, and I wasn’t aware that SAU brought additional skills to the table. It’s a shame though that their lack of focus has left them in such a vulnerable position financially. The SK authorities will want financially robust partners, not just ones with mining expertise. Any delay in their sales process could conceivably have knock-on effects on the timing of first gold production in SK.

[cbeadle] 02/4/2019 17:33

tim000 interesting comment, I would agree SAU will surely sell their Australian assets at a knockdown price, but they are also potentially a very good partner. They provide mining operations expertise which BMV lack and they also have more developable SK assets. If they can sell Cannon in Australia within the three months time frame they are aiming for that would be great news, so they could then concentrate on SK.

[digger2779] 02/4/2019 14:02

All buys today and mostly yesterday too but not flinched. Hope it's a coiled spring in the making :)

[tim000] 02/4/2019 10:44

Any buyers of SAU's assets will know it's a fire sale. SAU is proving to be an undesirable JV partner (as has been pointed out often, they are overstretched). That may be depressing BMV's share price. It may also be holding up the permit to develop. If we could take over their rights and announce secure financing for the project, the share price might be at least twice its current level.

[andy] 02/4/2019 09:18

tsmith2,


Re you post #534


There may well be a mechanism for that in the agreement, that if they can't fund any portion of their commitment, they get diluted down. That is common in Canada, for example, and some companies are squeezed out of projects like that.


I thought SAU were overstretched project wise, so selling off their WA assets makes sense, and they may well need to do so to keep their skin in the game in Korea.



Re your post #535


If you're inside, you shouldn't be posting that, and you should know that! And if you're not an insider and simply guessing, then you're raising expectations that will lead to disappointment if it doesn't happen.


Either way, not good.............

[tsmith2] 02/4/2019 09:10

Sticking my neck out - grant news next week

[tsmith2] 02/4/2019 09:00

No, defo not in a favour of a merger. SAU meet their 1/2 if they can't we should take 100% of projects.

[cbeadle] 01/4/2019 12:07

Maybe the current partnership makes sense then, there are large numbers of junior miners with potentially amazing assets but no chance of developing them without large scale risk and dilution. This is why BMV stands out in terms they are on the route to production (though a fair way to go yet) with already defined assets

[euclid5] 01/4/2019 11:39

they are better off developing the main 2 BMV own rather than start buying more assets that will need funding / funding - best to get to cash flow status first so less dilution required

[cbeadle] 01/4/2019 11:29

Thank you euclid5 I had been wanting to see that statement. There’s another 8 assets listed in South Korea 100% owned by Southern Gold. It would be great if they can find buyers for the Australian assets. A merger between SAU and BMV looks as though it would make sense, the former gaining a London listing, and the expertise of the experienced BMV team, while BMV would gain potentially more developable assets in S Korea.

[cbeadle] 01/4/2019 08:47

Interesting one from Southern Gold, but generally I think an encouraging move. Their share price took a dive nearly 10%, but that might be uncertainty as to how Cannon Gold may resolve. Positive news should soon be very interesting for both BMV and SAU.